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DeFi News

cryptocurrency February 4, 2025

Ethereum has long been the undisputed king of smart contract platforms. However, as 2025 progresses, cracks in its foundation have begun to show. Advertisements The Ethereum Foundation (EF), a nonprofit organization tasked with stewarding the blockchain’s development, is facing one of its most turbulent moments yet. EF’s Leadership Turmoil: Conflict of Interest and Transparency Issues […]

cryptocurrency September 11, 2024

PayPal and its subsidiary, Venmo, have integrated Ethereum Name Service (ENS) into their online payment services, making cryptocurrency transfers easier. Advertisements ENS, an open-source protocol, simplifies Ethereum addresses by replacing them with user-friendly names. Initially available to users in the US, this feature allows sending and receiving cryptocurrency using ENS names. PayPal, Venmo Partner with […]

cryptocurrency June 26, 2024

Ethereum’s network deflationary status is waning post-Dencun Upgrade, with data showing a notable increase in ETH supply since mid-April. Advertisements The Dencun Upgrade in March, while beneficial in reducing transaction fees, has affected Ethereum’s deflationary status, a key selling point for long-term holders. Over 112,000 Ethereum Added to Overall Supply Despite initial hopes, Ethereum is […]

cryptocurrency June 17, 2024

The Ethereum ecosystem recently saw an unprecedented surge in transactions per second (TPS). According to L2beat data, on June 16, Ethereum’s scaling networks, including both layer-2 (L2) and layer-3 (L3) solutions, achieved a combined 245.87 TPS. This figure translates to approximately 21.2 million transactions in a single day. Advertisements Interestingly, this surge was driven by […]

cryptocurrency June 12, 2024

Metamask has launched pooled staking to enable ETH holders to stake in validators operated by Consensys regardless of the amount of Ethereum they hold. Advertisements The launch will empower more people to be rewarded for securing the Ethereum network. Pooled Staking On Metamask Available For Some Users The leading self-custodial wallet for over 100 million […]

cryptocurrency June 7, 2023

Lido’s dominance in the Ethereum staking market should raise serious concerns about Ethereum’s centralization, say the heads of the decentralized autonomous organization Asymmetry Finance. The potential impact of centralization on Ethereum could be catastrophic, leading to market crashes and protocol failures. Will regulators and community members wake up in time? Advertisements Since the Bitcoin Whitepaper […]

cryptocurrency May 7, 2023

DEI stablecoin suffered a multichain exploit on Arbitrum, Ethereum, and BNB Smart Chain (BSC) that resulted in a loss of about $6.5 million. But some of the stolen funds have now been returned. Advertisements DEI stablecoin issuer Deus Finance confirmed that one of its exploiters returned $1.07 million DAI to its multi-signature wallet. On May […]

cryptocurrency March 26, 2023

According to on-chain data, Euler Finance exploiter returned over 58,000 Ethereum — worth over $100 million on March 25. The returned funds shot its EUL token up by 28%. Advertisements In a series of March 25 transactions, the Euler exploiter first sent 51,000 ETH to the decentralized finance (DeFi) deployer address. The exploiter later sent […]